Markets drop to day's low

Markets have slipped some more as European markets opened. Markets heavyweight, Reliance, along with IT major, Infosys, has dragged indices lower today.

The Sensex is at the day's low now - up 29 points at 18,016. Earlier, in the day the index touched its highest in 29 months at 18,057.

The Nifty is up 11 points at 5,411.

BSE IT index has slipped into red. The index is now down 0.5% at 5,368. The consumer durables index, however, is up 1% along with bankex and realty.

European markets have opened in the green. DAX has gained 0.35% at 6,212. CAC and FTSE are up marginally too.

HDFC has gained 2% at Rs 3,129. HDFC Bank has jumped 2% to Rs 2,105.

DLF and SBI have added 1.6% each to Rs 321 and Rs 2,467, respectively.

Hindalco, Hero Honda, Reliance Infrastrcuture, Tata Steel and NTPC are among the other big gainers.

Meanwhile, Infosys has dropped over 1% to Rs 2,763.

Mahindra & Mahindra has slipped 1% to Rs 625. ACC, Maruti Suzuki are also down.

Reliance is trading flat at Rs 1,073.

Among the consumer durable stocks, Gitanjali Gems has soared 8% to Rs 156. Rajesh Exports and Titan Industries have added 2-3% each. Ackruti City, Orbit Corp and Sobha Developers are the realty gainers this afternoon.